$ZEC
Zcash (ZEC) is showing explosive momentum, trading around $795 after breaking above the major $800 resistance zone and reaching an 8-year high. The move is being fueled by renewed optimism around Grayscale’s proposed Zcash ETF. �
CoinDesk +1
📈 Trader view: Momentum is strongly bullish, but ZEC is also extremely overbought (RSI around 86), so a sharp pullback is possible. �
The Cryptonomist
Key levels:
🟢 Resistance: $850–$860
🟡 Support: $750–$780
🔴 Losing $750 could trigger deeper profit-taking.
Verdict: 🔥 Bullish but high-risk — avoid chasing a vertical candle; watch for a pullback/retest.
#SandboxSANDSuspectedInfiniteMintFlawOnBase #GrayscaleFilesFifthZECETFAmendment #USTariffsOnCanadianGoodsTakeEffect #USDollarFallsToThreeMonthLow
Zcash (ZEC) is showing explosive momentum, trading around $795 after breaking above the major $800 resistance zone and reaching an 8-year high. The move is being fueled by renewed optimism around Grayscale’s proposed Zcash ETF. �
CoinDesk +1
📈 Trader view: Momentum is strongly bullish, but ZEC is also extremely overbought (RSI around 86), so a sharp pullback is possible. �
The Cryptonomist
Key levels:
🟢 Resistance: $850–$860
🟡 Support: $750–$780
🔴 Losing $750 could trigger deeper profit-taking.
Verdict: 🔥 Bullish but high-risk — avoid chasing a vertical candle; watch for a pullback/retest.
#SandboxSANDSuspectedInfiniteMintFlawOnBase #GrayscaleFilesFifthZECETFAmendment #USTariffsOnCanadianGoodsTakeEffect #USDollarFallsToThreeMonthLow
